Business & Finance Taxes

The W9 IRS Tax Form

If you had any type of earnings all through the tax year, you will need to file an salary tax return with the IRS. Which forms you want to file rely on your individual condition and qualifications. Most IRS forms are usually readily available at your regional post office or library. However, it is probable that you could not discover the kind you will need at possibly of these spots.

The W9 IRS tax form is for those who are independent contractors or for those who work for themselves so that they can report to the Social Security Number or business Tax Identification Number to their clients. This is the easiest form that you can file. It is made very simple with the following information:

? Your full name needs to go on the form.
? Your address needs to be on the W9 IRS form.
? Your social security number needs to be on the form.
? Contractors need to place their Employer Identification Number

The W9 form needs more information that will help you to pay into your social security fund. Social security is very important for when you are ready to retire. You will need to pay 28% of the payments that you received while you were working. This will help you to keep your taxes up-to-date in case you are behind on paying your back taxes. The IRS will send you a W9 form during tax season. If you do not get your W9 form from the IRS then you can pick one up at a bank or the post office. You can also go online and request the form from the IRS.

The W9 form needs to be filed if you are also claiming earned interest income, dividends, or trading stocks and other securities. It is important that you file your W9 form each year on the due date. In some cases you might be ask for a W9 form from places like your property owner or other businesses. The general rule of thumb is that any place that asks for the W9 form is somewhere that pays you any reportable income that you need to claim to the IRS.

When you get a request for this form from an unusual place, do not give out the information until you find out why they want you to file the form or why they need the form. You do not need to file the W9 form to any foreign contractors or subcontractors. You are expected to file the W9 form when you do work in the United States as a contractor or private business owner.

Related posts "Business & Finance : Taxes"

Last Minute Tips For First Time Homebuyers

Taxes

Deducting Health Insurance From a Tax Return

Taxes

Tax Break on Chinese Drywall

Taxes

Tax Accountants - How to Find the Best Accountant For Your Business Taxes

Taxes

Retirees Won't Get Much Tax Relief From These Five States

Taxes

The Average Income of a Vet Working at a Zoo

Taxes

What Happens When You Have Unpaid Income Taxes for Several Years?

Taxes

Alternative Minimum Tax Consequences Are Not a Result of Cost Segregation

Taxes

How Can I Check on My State Income Tax Refund?

Taxes

Leave a Comment